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CITY OF EKURHULENI METROPOLITAN MUNICIPALITY - Interest and Capital Payment Notification - EMM07 and EMM07P

Release Date: 04/07/2022 13:59
Code(s): EMM07 EMM07P     PDF:  
Wrap Text
Interest and Capital Payment Notification - EMM07 and EMM07P

Ekurhuleni Metropolitan Municipality
Bond Code: EMM07
ISIN: ZAG000168816
Bond Code: EMM07P
ISIN: ZAG000168824



INTEREST PAYMENT NOTIFICATION AND PARTIAL CAPITAL REDEMPTION

Bondholders are advised of the following interest payments:




 Bond code:             EMM07
 ISIN:                  ZAG000145194
 Coupon:                10.52%
 Interest period:       10 January 2022 to 10 July 2022
 Payment date:          11 July 2022
 Interest amount due:   ZAR 14,465,000.00



 Bond code:             EMM07P
 ISIN:                  ZAG000145384
 Coupon:                11.32%
 Interest period:       17 January 2022 to 17 July 2022
 Payment date:          18 July 2022
 Interest amount due:   ZAR 31,435,484.76



PARTIAL CAPITAL REDEMPTION

In accordance with the Terms and Conditions of the Ekurhuleni Metropolitan Municipality ZAR8
billion Domestic Medium Term Note Programme, investors are herewith advised of the partial
capital redemptions of the EMM07 notes effective 11 July 2022 and EMM07P notes effective 18
July 2022 respectively.


                               Capital Redemption             Amount Outstanding After
                                     Amount                     Capital Redemption

     EMM07–
                                  R25,000,000.00                  R250,000,000.00
   ZAG000145194

     EMM07P–
                                  R26,666,667.00                  R533,333,330.00
   ZAG000145384


04 July 2022

Debt sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Date: 04-07-2022 01:59:00
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